ARTICLES ABOUT ADANI POWER BY DATE - PAGE 4

GANDHINAGAR: Adani Power Ltd (APL) has emerged as the biggest private sector electricity seller to the Gujarat government in the last two years. The government purchased 26,235 million units (MU) of electricity, nearly half of the total produced by state-owned entities, from Adani Power in the last two years, the Gujarat Assembly was informed today. This makes Adani Power the biggest private sector electricity supplier to the state government. In a written reply to questions from Baldevji Thakor ( Congress )

In a chat with ET Now, Mitesh Thacker of miteshthacker.com, shares his views on Adani Power . ET Now: Your view on Adani Power? Mitesh Thacker: Adani Power is a 'BUY' call with a target of Rs 58 and a stop loss of Rs 50.

In a chat with ET Now, Mehraboon Irani, Nirmal Bang Securities, shares his views on power stocks . Excerpts: ET Now: The power business has been active and Adani Power more so, do you track this one? Mehraboon Irani: Not Adani Power as such but yes power sector is going to remain in focus. There are so many problems for this sector that ironing out all these problems in hurry is not going to happen but the market always lives on hope and the hope is that the direction is going to be positive, things will ultimately improve for the sector and the valuations at which some of these stocks are available is dirt cheap.

NEW DELHI: With aggressive bidding for coal blocks likely to continue on the fourth day, the government today said that poor states would benefit from the auction. "Coal block auction gets underway on the fourth day," Coal Secretary Anil Swarup said in a tweet. He further tweeted, "windfall in offing. Poor states to reap harvest of coal block auctions. " The mines on sale today are Amelia (North) mine in Madhya Pradesh (power sector), Ardhagram mine in West Bengal and Chotia mine in Chhattisgarh --- non power sector.

By DK Aggarwal Renewable energy in India is fast gaining its acceptability and the sector is expected to attract huge investment going forward. Currently, the sector contributes approximately 6.5% of the electricity consumed in the country and the same is likely to go up to 12 per cent in the next few years. This will have positive impact on the overall economic growth by reducing the growing power deficit which the country is witnessing since the past many years. As per the data by the Central Electricity Authority (CEA)

NEW DELHI: The auction for coal blocks began aggressively with Anil Ambani's Reliance Cement bagging a block with a bid of Rs 1,402 per tonne, more than nine times the floor price of Rs 150, prompting the government to call it a grand success that would generate more revenue than the Comptroller and Auditor General of India's (CAG's) estimate of Rs 1.86 lakh crore lost by free distribution. GMR Energy won the Talabira -I coal block in Odisha with a very aggressive bid of Rs 478 per tonne.

NEW DELHI: Auction of coal blocks began today for the first time with corporate honchos Ambanis, Adanis and Birlas queuing up for the two mines being offered on day one. After clearing the technical bidding stage, entities from Reliance, Adani, Essar, GMR, Vedanta and Aditya Birla groups became eligible to bid or these blocks -- one in Odisha and the other one in Madhya Pradesh. The Supreme Court had in September last year cancelled the allocation of 204 mines. The two blocks which have been put on offer are Talabira-I mine in Odisha for power sector and Sial Ghoghri mine in M for non-power sector.

NEW DELHI: Banks took the heat again as the S&P BSE Sensex turned choppy after rallying as much as 133 points in trade on Wednesday. Axis Bank, ICICI Bank and State Bank of India led the losses list alongwith TCS. Tracking the momentum, the 50-share Nifty index also pared its intraday gains and was trading near its support level of 8750, weighed down by losses in bank, auto, capital goods stocks. At 10:00 a.m., the 30-share index was at 28,949.37, down 50 points or 0.17 per cent.

NEW DELHI: Indian markets are expected to trade higher on Wednesday tracking positive trend seen in other Asian markets. Nifty has now breached the immediate support of 8770 and closed below it. The bias for the short term thus turns weak, and we may see further decline till 8700 to 8630 range in coming few sessions. "Any upside from present levels may now face stiff resistance near 8840 and beyond that 890o," brokerage firm GEPL Capital said in a report. "The short term trend would remain weak as long as the index trades below the level of 8900," added the report.